Continental AG in Talks with Potential Buyers of Parts of VDO - aftermarketNews

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
  • Tomorrow's Tech University
AftermarketNews - Babcox Media
The Business of Selling Parts
Automotive Aftermarket Manufacturing

Continental AG in Talks with Potential Buyers of Parts of VDO

aftermarketNews Staff
By aftermarketNews Staff
Published:

From AFX News Limited

Related Articles

FRANKFURT — Continental AG is in talks to spin off Electric Motor Drives, which is part of Siemens AG’s former VDO unit, management board member and human ressources head Heinz-Gerhard Wente Handelsblatt said.

He said there is strong interest in the unit, which has 3,300 employees.

He said Continental has started exchanging information with potential buyers but has not entered negotiations.

The European Commission is set to decide on Continental’s $16.5 billion VDO acquisition on Nov. 15. Until then, Continental is not allowed to negotiate the spin-off of parts of VDO.

Handelsblatt said German automotive parts supplier Brose and an unnamed Japanese company are interested in acquiring Electric Motor Drives, citing sources close to the talks. It said industry sources put the sale price at around $724 million.

Copyright 2007 AFX News Limited. All Rights Reserved.

You May Also Like

HELLA-BLADE-LED-6-Series-Auxiliary-Lights
Transtar-logo-on-white
Bendix Bowling Green
MPAs-Selwyn-Joffe-Were-as-Strong-as-Ever
Automotive Aftermarket Manufacturing

Dayton Parts Offers New Aftermarket Products

A new DPF differential pressure sensor, engine oil dipsticks and fuel injector wiring harnesses designed to match OEM spec.

Jason Morgan
By Jason Morgan
Jason Morgan is the director of content at Babcox Media. He can be reached at [email protected].
Published:
Dayton-parts-releases-2-sensor-dipstick-harnesses-1400

Dayton Parts is introducing several new parts, including a DPF differential pressure sensor, fuel injector wiring harnesses along with engine oil dipstick and tube assemblies. Dayton’s new DPF differential pressure sensor (p/n 904-7001) fits various Hino truck models, including 238, 258, 268, 198, 358 and 195, from model year 2008 to 2020. It’s designed to replace the sensor with the OE number S893901090. The company says the sensor accurately measures pressure inside the DPF to help determine when regeneration cycles are required.

Read Full Article

More Automotive Aftermarket Manufacturing Posts
Hunter Engineering Releases Alignment Coverage for Hundreds of Vehicles

The release covers brand-new records – those not yet in existence at the time of the previous release – as well as updates to existing records, covering OEM changes to existing vehicles, the company said.

By Emma Henderson
Hunter Engineering Releases Alignment Coverage for Hundreds of Vehicles
FCS Introduces 42 New Numbers in May

Complete strut assemblies, shock absorbers, shock absorber assembly kits and suspension struts for some of the most popular VIO applications are included in the release, FCS said.

By Mary DellaValle
FCS Introduces 42 New Numbers in May
USMW Releases New Fuel Pump Module Assembly

US Motor Works released Part No. USEP9214M, for several BMW applications.

By Mary DellaValle
USMW-Releases-New-Fuel-Pump-Module-Assembly
MEYLE Expands Electronics, Sensor Product Portfolio

The focus is on assistance systems and engine and transmission management, with more than 300 new part numbers, as well as the expansion of its product lineup for EVs.

By Emma Henderson
MEYLE Expands Electronics and Sensor Portfolio by Over 300 References

Other Posts

Dana, Fox Factory Collaborate on Chevrolet Silverado Truck Build

Dana 60 semi-float rear axles will be featured on the limited-edition Chevrolet Silverado Fox Factory Edition truck.

By Mary DellaValle
Dana, Fox Factory Collaborate on Chevrolet Silverado Truck Build
Standard Motor Products Expands Cam and Crank Sensor Program

The Standard and Blue Streak Camshaft and Crankshaft Position Sensor program features nearly 1,000 SKUs covering more than 250 million vehicles, SMP said.

By Mary DellaValle
Standard-Motor-Products-Expands-Cam-and-Crank-Sensor-Program
DMA Adds New BrakeMaster Coverage

New coverage for Ford and Chevy includes popular pickup trucks and SUVs.

By Emma Henderson
Brakemaster
GSP Releases New CV Axle Part Numbers

GSP said 14 new CV axle part numbers are in stock and ready to ship.

By Emma Henderson
GSP